First natural-gas ETF begins trading

JohnSpence

BOSTON (MarketWatch) -- Victoria Bay Asset Management LLC and the American Stock Exchange said the United States Natural Gas Fund
UNG, +0.92%
an exchange-traded security tied to natural gas, began trading Wednesday. The fund's objective is "to have the changes in percentage terms of the unit's net asset value reflect the changes in percentage terms of the price of natural gas delivered at the Henry Hub, La., as measured by the changes in the price of the futures contract on natural gas," according to a statement. The sponsor, Victoria Bay, also manages an ETF-like security tracking crude oil, U.S. Oil Fund
USO, +0.52%

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